Issuance of PYME CNV Guaranteed Series II Notes of Agrofin Agrocommodities S.A. for US$1,500,000
Counsel to Agrofin Agrocommodities S.A. in the issuance of the PYME CNV Guaranteed Series II dollar linked Notes for US$1,500,000 with an interest rate of 0% due on April 19, 2024.
Banco Supervielle S.A. and Banco de Galicia y Buenos Aires S.A.U., acted as arrangers, placement and security agents of Series II Notes.
Futuros del Sur S.A., acted as placement agent of Series II Notes.
Acindar Pymes S.G.R., acted as security agent of Series II Notes.
Issuance of PyME CNV Guaranteed Class III Notes of Héctor A. Bertone S.A. for US$ 2,252,116
Counsel to Héctor A. Bertone S.A. in the issuance of the PyME CNV Guaranteed Class III dollar linked Notes for US$ 2,252,116 with an interest rate of 1,94% due on April 7, 2024.
Banco Supervielle S.A. and Banco de Galicia y Buenos Aires S.A.U. acted as arrangers, placements and security agents of Class III Notes.
Issuance of Notes of Albanesi Group for US$14,065,308
Counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A. in the co-issuance of 7,5% Class XIII Notes for US$14,065,308 due January 10, 2024, issued under the Global Notes Program for an amount of up to US$700,000,000.
SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as arrangers, and SBS Trading S.A., Banco de Servicios y Transacciones S.A., Allaria Ledesma & Cía S.A., Balanz Capital Valores S.A.U., Nación Bursátil S.A., Liebre Capital S.A.U., BACS Banco de Crédito y Securitización S.A., and Banco Hipotecario S.A. acted as placement agents of Class XI Notes and Class XII Notes.
Issuance of PyME CNV Guaranteed Series I Notes of Gestión de Préstamos y Cobranzas S.A. for $100,000,000
Counsel to Gestión de Préstamos y Cobranzas S.A. in the issuance of the PyME CNV Guaranteed Series I Notes for $100,000,000 due on December 22, 2023.
Banco de Servicios y Transacciones S.A., acted as arranger and placement agent of Series I Notes.
Allaria Ledesma & Cía S.A., acted as placement agent of Series I Notes.
Banco Interfinanzas S.A. y Banco Sáenz S.A. acted as guarantee entity of Series I Notes.
MSU Energy S.A.´s US$ 30.300.000 Series III Notes Offering
Counsel to MSU Energy S.A. in the issuance of its 7.35% Series III Notes for US$ 30,300,000, denominated, integrated and payable in U.S. dollars, maturing 24 months from the issuance date, under its US$ 100,000,000 Global Notes Program.
Legal Advice in the Issuance of Class III Notes of Albanesi Energía S.A. for US$24,103,642
Counsel to Banco de Servicios y Transacciones S.A and SBS Capital S.A. as arrangers, and to SBS Trading S.A., Banco de Servicios y Transacciones S.A, Facimex Valores S.A., Banco de la Provincia de Buenos Aires, AdCap Securities Argentina S.A., Macro Securities S.A., Nación Bursátil S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A. and TPCG Valores S.A.U., as placement agents, in the issuance of Albanesi Energía S.A.’s 4.90% Class III Notes for US$24,103,642 due September 14, 2024.
SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as arrangers, and SBS Capital S.A., Banco de Servicios y Transacciones S.A. Facimex Valores S.A., Banco de la Provincia de Buenos Aires, AdCap Securities Argentina S.A., Macro Securities S.A., Nación Bursátil S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A. and TPCG Valores S.A.U., acted as placement agents of Class III Notes.
Exchange Offer and Consent Solicitation of Albanesi Group for U$S 325,395,255
Counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A. in the co-issuance of 9.625% Class X Notes for U$S 325,395,255 due December 1, 2027 (the “Companies”) (the “New Notes”). The transaction was launched on October 22, 2021 and settled on December 1, 2021.
Class X Notes were issued by the Companies in exchange of their existing instruments: (i) 9.625% Senior Notes due 2023 issued by the Companies for U$S 336,000,000 (the “Existing Notes”); and (ii) certain existing loans for an aggregate outstanding principal amount of U$S 51,217,055 (the “Private Debt” and, together with the Existing Notes, the “Existing Instruments”). The issuance of the New Notes was carried out in accordance with General Resolution No. 861/2020 issued by the Argentine Securities Commission (Comisión Nacional de Valores).
The Bank of New York Mellon acted as New Notes Trustee, Paying Agent, Co-Registrar and Transfer Agent; D.F. King & Co. acted as Information and Exchange Agent; Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC acted as Dealer Managers and Consent Solicitation Agents; and SBS Trading S.A., Banco de Servicios y Transacciones S.A. and Sociedad de Bolsa Centaurus S.A. acted as local Placement Agents.
Legal Advice in Petrolera Aconcagua Energía S.A.’s Third PyME CNV Notes Issuance
Counsel to Petrolera Aconcagua Energía S.A. issuance of Class V PYME CNV Notes for U$S 5,948,315 under the Globe Program of PYME CNV Notes for an amount of up to $ 1,500,000,000.
Class V Notes were issued for the purpose of carrying out investments in assets located in Argentina, including investments in production infrastructure and oil and gas developments.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Banco Mariva S.A., SBS Trading S.A., Consultatio Investments S.A., Allaria Ledesma & Cía. S.A., and AdCap Securities Argentina S.A. acted as placement agents.
Legal Advice in the Issuance of Notes of CT Barragán S.A. for US$96,000,000
Counsel to Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. as arrangers and placement agents, and also to Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A., Negocios Financieros y Bursátiles S.A., AR Partners S.A., BNP Paribas Sucursal Buenos Aires, Banco Patagonia S.A., TPCG Valores S.A.U. and Macro Securities S.A. as placement agents, in the issuance of CT Barragán S.A.’s 0% Series 4 Notes for US$96,000,000 due November 26, 2024. The Series 4 Notes were issued on November 26, 2021 under the Global Notes Program for an amount of up to US$200,000,000. The Serie 4 Notes have a personal guarantee, subject to a resolutory condition granted by YPF S.A. and Pampa Energía S.A.
Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. acted as arranger and placement agents, and Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A., Negocios Financieros y Bursátiles S.A., AR Partners S.A., BNP Paribas Sucursal Buenos Aires, Banco Patagonia S.A., TPCG Valores S.A.U. and Macro Securities S.A. as placement agents of Series 4 Notes. Banco de Galicia y Buenos Aires S.A.U. also acted as Settlement Agent for Series 4 Notes.
Legal Advice in Automotores Pampeanos S.A.’s First PyME CNV Notes Issuance
Counsel to Automotores Pampeanos S.A. in the issuance of Class I PYME CNV Notes for $ 70,000,000 under the Global Program of PYME CNV Notes for an amount of up to $ 900,000,000.
The Notes were issued to build a new Volkswagen dealership in the city of General Pico, La Pampa province.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent of the Notes.